Adaptation of IoT with Blockchain in Food Supply Chain Management: An Analysis-Based Review in Development, Benefits and Potential Applications

In today’s scenario, blockchain technology is an emerging area and promising technology in the field of the food supply chain industry (FSCI). A literature survey comprising an analytical review of blockchain technology with the Internet of things (IoT) for food supply chain management (FSCM) is presented to better understand the associated research benefits, issues, and challenges. At present, with the concept of farm-to-fork gaining increasing popularity, food safety and quality certification are of critical concern. Blockchain technology provides the traceability of food supply from the source, i.e., the seeding factories, to the customer’s table. The main idea of this paper is to identify blockchain technology with the Internet of things (IoT) devices to investigate the food conditions and various issues faced by transporters while supplying fresh food. Blockchain provides applications such as smart contracts to monitor, observe, and manage all transactions and communications among stakeholders. IoT technology provides approaches for verifying all transactions; these transactions are recorded and then stored in a centralized database system. Thus, IoT enables a safe and cost-effective FSCM system for stakeholders. In this paper, we contribute to the awareness of blockchain applications that are relevant to the food supply chain (FSC), and we present an analysis of the literature on relevant blockchain applications which has been conducted concerning various parameters. The observations in the present survey are also relevant to the application of blockchain technology with IoT in other areas.